NEWS RELEASE

Garden City, NY - Nassau Community College is pleased to be a host site for the 11th annual Governmental
GAAP (Generally Accepted Accounting Principles) Update on Thursday, November 9 from
1:00 to 5:00 p.m. The satellite teleconference is presented at several sites across
the country by the Government Finance Officers Association. This unique program offers
participants an opportunity to obtain a comprehensive overview of all the past year's
developments affecting accounting and financial reporting for state and local governments.
Last year's update was attended by over 3,000 people.

Some of the topics that will be covered at the 2006 teleconference include proposed
new standards from the Government Accounting Standards Board (GASB) on fund balance;
final GASB guidance on pollution remediation obligations; proposed guidance on derivatives
and intangibles; updates to the GASB's Comprehensive Implementation Guide; and common
financial reporting deficiencies and recent practice issues. The update is led by
Stephen J. Gauthier, Director of Technical Services for the Government Finance Officers
Association (GFOA). GFOA is the professional association of state, provincial and
local finance officers in the United States and Canada. Approximately 16,000 individuals
are members of the organization, which is open to everyone whose career, studies or
interests involve government financial management.

Those who complete the teleconference will receive four CPE credits. For more information
about the upcoming Annual Governmental GAAP Satellite Teleconference at Nassau Community
College, which will be held in the NCC Tower, please call Joanne DeFeo, the on-site
coordinator, at 516.572.7343.